Medical costs are skyrocketing in India, as are pregnancy-related costs. In a reputed hospital, the delivery charges can go up to Rs. 50,000 to rupees. 1,50,000, depending on the complications of the process, including both cesarean section and normal delivery. In that case, maternity insurance seems to be a blessing.
By including coverage for child healthcare, maternity insurance relieves financial strain in these cases by covering medical expenses, which are sometimes more expensive. Under this maturity plan, each benefit has its own limit which is subject to the sum assured.
About maternity insurance
This insurance product covers shipping costs to a certain extent. Maternity insurance in India is available as a stand-alone policy and can be opted as additional cover with the basic healthcare plan by paying an additional premium. It is included in the health insurance category.
Here are some of the facts you should know about maternity insurance in India:
Coverage
Depending on your insurance plan, you may be able to get the following coverage. Please note that some coverage may not be available as it varies from insurer to insurer.
• Pre-hospitalization expenses for 30 days and post-hospitalization expenses for 60 days.
• Expenses for cesarean section and normal delivery.
• Hospitalization expenses such as room rent, nursing, OT, doctor fees, anesthetist fees.
• Expenses related to childbirth care.
• Kindergarten.
• Ambulance expenses for accompanying the patient.
• Vaccination for newborns.
• Cashless treatment in allied hospitals.
Exclusions
• Congenital diseases
• Existing illness that complicates pregnancy
• Treatment for infertility
• Prenatal costs of medications outside of treatment.
• Constant visits to the doctor, check-ups and consulting fees, etc.
Waiting period
At most insurance companies, the waiting period ranges from 9 months to approximately 36 months for maternity benefits. It is always better to plan ahead. It is best to purchase a plan that includes maternity benefits at the time of the wedding, as couples typically plan to have a child after 3 or 4 years.
Cousins
In the case of pregnancy insurance, premiums are usually higher than those of other plans, excluding maternity benefits. A claim can occur at any time from an insurer’s perspective. With this in mind, many insurers prefer to offer these plans with high premiums.
Choose the best plan
• Know the terms related to the policy such as waiting periods, co-payment, sub-limit, tenure, room rental rates, renewal and others.
• Clear all your doubts before making the final decision.
• Compare maternity insurance plan online with benefits, features, postnatal and prenatal expenses, coverage details, etc. and find the right plan based on your budget, needs and options.
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